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L.K. Technology Reports Revenue Decline Amid Profit Margin Gains

L.K. Technology Reports Revenue Decline Amid Profit Margin Gains

L.K. Technology Holdings Limited (HK:0558) has released an update.

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L.K. Technology Holdings Limited reported a 5.8% decline in revenue for the six months ending September 2024, with operating profit dropping by 20.6% compared to the previous year. Despite these challenges, the company managed to increase its gross profit margin to 28.7% from 26.2%, showcasing resilience in a tough market environment. The firm’s basic earnings per share also saw a significant reduction, reflecting the impact on overall profitability.

For further insights into HK:0558 stock, check out TipRanks’ Stock Analysis page.

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